MichaelGLamothe

Auto Flag Distribution Days

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This script automatically flags distribution days. Distribution days are defined as any day that is down -0.2% or greater on heavier volume than the previous day. Distribution days are counted on the major indexes ( S&P 500             , NASDAQ, NYSE, etc...) within the CANSLIM methodology.
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//@version=2
study("My Script", overlay=true)
is_down_bar = change(close) < (close[1] * -0.002) ? true : false
is_volume_up = change(volume) > 0 ? true : false
is_distribution = is_down_bar and is_volume_up ? true : false
plotshape(series=is_distribution)
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
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